Quantum Capital Management LLC NJ Trims Position in Tyler Technologies, Inc. $TYL

Key Points

• Quantum Capital Management LLC NJ has reduced its stake in Tyler Technologies, Inc. by 21.4% to 83,388 shares, valued at approximately $48.48 million, making it the firm's 11th largest holding.
• Several institutional investors, including Canada Pension Plan Investment Board, have raised their positions in Tyler Technologies, with significant increases of up to 183.6% in the fourth quarter.
• Analysts have lowered price targets for Tyler Technologies, with a general consensus rating of "Moderate Buy" and an average price target of $688.27.

Quantum Capital Management LLC NJ lowered its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 21.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,388 shares of the technology company's stock after selling 22,672 shares during the quarter. Tyler Technologies comprises 5.0% of Quantum Capital Management LLC NJ's portfolio, making the stock its 11th largest position. Quantum Capital Management LLC NJ owned approximately 0.19% of Tyler Technologies worth $48,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. Capital Fund Management S.A. bought a new stake in shares of Tyler Technologies in the 1st quarter worth approximately $12,110,000. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in Tyler Technologies by 25.6% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,531 shares of the technology company's stock worth $884,000 after purchasing an additional 312 shares during the last quarter. Korea Investment CORP grew its holdings in shares of Tyler Technologies by 11.1% in the first quarter. Korea Investment CORP now owns 28,035 shares of the technology company's stock worth $16,299,000 after acquiring an additional 2,790 shares during the period. Qtron Investments LLC lifted its stake in shares of Tyler Technologies by 79.6% in the 1st quarter. Qtron Investments LLC now owns 799 shares of the technology company's stock worth $465,000 after purchasing an additional 354 shares during the period. Finally, Aptus Capital Advisors LLC grew its position in shares of Tyler Technologies by 16.7% during the 1st quarter. Aptus Capital Advisors LLC now owns 21,250 shares of the technology company's stock valued at $12,355,000 after acquiring an additional 3,046 shares during the period. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Performance

TYL stock traded down $6.1370 during mid-day trading on Friday, reaching $560.5330. The company had a trading volume of 337,302 shares, compared to its average volume of 399,211. Tyler Technologies, Inc. has a fifty-two week low of $513.52 and a fifty-two week high of $661.31. The company has a market capitalization of $24.25 billion, a price-to-earnings ratio of 80.08, a price-to-earnings-growth ratio of 4.35 and a beta of 0.85. The firm has a fifty day simple moving average of $575.29 and a 200 day simple moving average of $577.24.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%.The company had revenue of $584.01 million during the quarter, compared to analysts' expectations of $587.59 million. During the same quarter in the previous year, the business earned $2.40 earnings per share. The firm's revenue for the quarter was up 10.2% on a year-over-year basis. Tyler Technologies has set its FY 2025 guidance at 11.200-11.500 EPS. As a group, analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the completion of the sale, the chief executive officer directly owned 81,775 shares of the company's stock, valued at $48,156,479.75. This trade represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian K. Miller sold 1,200 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $580.72, for a total transaction of $696,864.00. Following the sale, the chief financial officer owned 13,772 shares in the company, valued at $7,997,675.84. The trade was a 8.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,769 shares of company stock worth $12,134,207 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on TYL. Cantor Fitzgerald started coverage on shares of Tyler Technologies in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price objective on the stock. Robert W. Baird reduced their price objective on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Piper Sandler decreased their target price on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. DA Davidson set a $585.00 price objective on shares of Tyler Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Tyler Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $688.27.

Tyler Technologies Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.